IHCL clarifies on Pierre deal status

Indian Hotels Company (IHCL), the owner of the Taj chain, informed the BSE on Thursday that it does not own The Pierre in New York but has leasehold rights for the hotel. IHCL was responding to news articles appearing in media outlets including TOI, which carried a report under the headline “Taj may exit NYC’s…

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JK Tyre raises exports from Mexico unit to US

CHENNAI: JK Tyre is increasing exports from its manufacturing units in Mexico to America in view of the US imposing 50% tariff on goods coming from India. The company has two facilities in Mexico catering for Latin America, Brazil and US.“Currently, 65% of tyres made in Mexico are used for the domestic . We are…

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Asia Cup heartbreak: Dunith Wellalage learns of father’s death only after Sri Lanka’s win over Afghanistan | Cricket News

The tragic news was conveyed to Dunith Wellalage after the match. NEW DELHI: In a heartbreaking turn of events, Sri Lankan spinner Dunith Wellalage learned of his father’s sudden demise only after helping his team secure a six-wicket win over Afghanistan in the Asia Cup Group B clash in Abu Dhabi on Thursday, September 18.Go…

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Nvidia gives Intel $5 billion lifeline

Nvidia agreed to invest $5 billion in Intel and said the two will co-develop chips for PCs and data centres, a surprise move to help prop up an ailing archrival that sent Intel shares soaring.Nvidia will buy Intel common stock at $23 per share, the two companies said on Thursday. Intel will use Nvidia’s graphics…

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